Capital One like many other major banks offers wire transfers as a service. Wire transfers can be initiated through the Capital One online platform and will be delivered the next day if requested before 2 pm EST, Monday through Friday.
Most wire transfers have fees for sending and receiving money, so it is important to understand the ins and outs of the cost and limits to a wire transfer across the banking industry.
How Much Does Capital One Charge for a Wire Transfer in 2024?
Capital One will charge between $25.00 to $30.00 for sending money to another bank through a wire transfer. The fee will depend on which account you are using, with some accounts like Essential Checking costing $25.00, while others like 360 Checking will cost $30.00.
In the table below, we examine how Capital One’s fees stack up against its major US competitors.
| Bank Name | Domestic Fee | International Fee USD | International Fee Foreign Currency |
| Capital One | $25.00 – $30.00 | $25.00 – $30.00 | $0.00 |
| National Average | $26.00 | $42.00 | N/A |
| CitiBank | $25.00 | $35.00 | $35.00 |
| Wells Fargo | $30.00 | $45.00 | $30.00 |
| Bank of America | $30.00 | $45.00 | $0.00 |
Capital One offers relatively low fees for wire transfers, and unlike its competitors charges a standard fee across domestic and international transactions.
In addition to fees, Capital One may have limits to how much money can be transferred in a transaction which can impact the overall cost of a domestic transfer.
How Much is Capital One’s Domestic Wire Transfer Fee?
Capital One charges between $25.00 to $30.00 for an outgoing domestic fee, depending on the type of account used for the transaction. Meanwhile, fees for an incoming transfer range from $0.00 to $15.00. As an example, a 360 Checking account has no incoming fee, but charges $30.00 for an outgoing transaction.
In addition to fees, one must consider potential limits to a transaction. Many of Capital One’s accounts have no limit, while others limit transactions to $500,000 per day.
The table below lists a sampling of Capital One accounts and their associated fees and limits. This is not a comprehensive list of all accounts, but demonstrates how some accounts may vary.
| Account Type | Outgoing Fee | Incoming Fee | Daily Limit |
| Essential Checking | $25.00 | $15.00 | No limits |
| Essential Savings | $25.00 | $15.00 | No limits |
| 360 Checking | $30.00 | No fee | $500,000 per day |
| Performance Savings | $30.00 | No fee | $500,000 per day |
| Simply Checking | $30.00 | No Fee | $500,000 per day |
The fees and limits for international transactions are the same as domestic, but which currency in the transaction is in may impact the cost of the transaction.
How Much Is Capital One’s International Wire Transfer Fee?
Capital One charges the same fees for international transactions as they do for domestic transactions, with fees ranging from $25.00 to $30.00 for outgoing transactions, and $15.00 for incoming transactions.
For transactions not in US dollars, the transfer will be subject to Capital One’s foreign exchange rate which typically is marked up from the standard accepted exchange rate.
Overall, for international transactions be sure you have identified the best exchange rate for optimal savings.
See Also: Does Walmart Exchange Foreign Currency?
Can You Get Capital One’s Wire Transfer Fee Waived?
Capital One does not typically waive fees for wire transfers. However, many accounts have no charge for incoming transfers, such as the 360 Checking account.
With no way to waive fees directly with Capital One, the best way to save may be to find an alternative to wiring money with a service like Zelle.
How to Avoid Capital One’s Wire Transfer Fee?
Capital One does not waive fees, so it is best to try and avoid wiring money in the traditional method altogether. To that end, non-bank financial services like Venmo, Paypal and Zelle may provide a solution.
For domestic transfers, there is a wide range of applications that can support this. Below is a list of key financial apps that can send money electronically for no fee.
• Venmo
• Cash App
• Zelle
• PayPal
For international transactions, Cash App has the best offer as it is available internationally and does not charge fees for making international transactions. PayPal also supports international transactions, but with a 5% fee, a large transfer would likely be more expensive than a wire transfer.
Ultimately, the best way to save money on bank-to-bank transactions can be to find an alternative to the traditional wire transfer.
What is the Cheapest Way to Wire Transfer Money with Capital One?
Capital One’s wire transfer fees are average compared with other national banks, but if you make frequent transfers these costs can add up. As a result, it is best to avoid wire transfers when possible and use other services such as Venmo and Zelle to complete your transactions with no fees.
